Spacecoin says it has one day reached a new milestone in its quest to build a distributed communications backbone that could rival SpaceX’s Starlink.
The company said this week it has verified the spacecraft’s ability to successfully transmit protected data via its first demonstration satellite and carry out encrypted transactions in orbit.
Blockchain transactions illuminated from Chile to Portugal served as proof of concept for moving encrypted signatures and encrypted data through space.
“Can I send an encryption signature as is? Without it, we cannot build a distributed network of communication satellites and fulfill our vision of building unauthorized connectivity.
The CTC-0, a small satellite built by Endurosat and launched in December 2024 with the Falcon 9 rideshare, is the first in the prototype line that Spacecoin plans to launch. The next three satellites, collectively called CTC-1, are slightly larger, followed by larger spacecraft to improve performance.
This test is as StarLink continues to cement its lead in the satellite broadband space. With its vertically integrated launch business, SpaceX has put more than 8,000 satellites in orbit and has already signed millions of global customers. A small number of competitors, including Amazon’s Kuiper, also position themselves against the company.
However, unlike Starlink and other managed broadband networks, Spacecoin’s approach is based on “tokenized access” and decentralization. The company has launched Starmesh, an encrypted internet traffic network, and says it will “maintain internet freedom while allowing secure, untrackable browsing and access to decentralized web services.”
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Founded in 2022, OH has spun a venture from Gluwa, the company he founded, providing financial services to emerging markets. Spacecoin’s Internet infrastructure runs on a credit coin blockchain, allowing customers to pay internet fees and carry out other financial transactions.
“Unlike Earth networks, which are vulnerable to outages, censorship and cost barriers, distributed satellite-based systems can provide internet access that is unrelated to global, censorship resistance and monopoly,” the company said in a statement.
